A Study On Controlling Financial Risk In A Transportation Enterprise Group

According to the strategy of a group company, the financial risk cannot be neglected while a transportation enterprise group is pursuing scale economy and cooperative effect. The research of this paper mainly focuses on the controlling financial risk in running such a group company.Chapter Ⅰ is an introduction. This paper aims at working out how a transportation enterprise group's financial risk produces and putting forward some scientific and efficient meanses and measures adapting to controlling the financial risk of such a group after doing a research on the financial and making the analysis on transportation enterprise groups in terms of the theory of the modern management and financing . This chapter is the body of the whole paper whose research on controlling a transportation enterprise group's financing risk will be done respectively in home and abroad ways.Chapter Ⅱ is about the analysis on the financial management of a enterprise group. To take the Changjiang Shipping Group Company for an example, we can know that owing to these problems arising in it, such as the financial management staff have weak awareness of the financial risk; the decision-making is not so scientific and the financing operation is short of the logicality, there is something wrong with the present financial system of transportation enterprise group is not accustomed to the macro-economy environment after we have done the analysis on its financial management system in ways of financial decision-making and management.Chapter Ⅲ is related to the analysis on the representation and the forming mechanism of the financial risk .In conclusion ,the forming of the financial risk are represented as in the following six aspects: funds-raising, investment, cash current, capital-reclaiming, profits allocation, foreign exchange , In the second place ,we realize the factors for the financial risks respectively are embodied for funds-raising risk in the uncertainty of the investment margin and capital cost rate ,the irrationality of the debts as well; for investment risk in the illogicality of the investment decision-making and little awareness of the risk; for management risk in Account receivable, inventory and other multi-aspects.Chapter IV states some suggestions for how to control financial risk in a transportation enterprise group. In this chapter many reasons for the risk are concerned, such as financing management system, inner controlling system, results-evaluation, awarding system and specific measures to control the risk, are all taken into consideration. Also, a scientific financing controlling system are put forward ,which emphasis on the establishment of various management measures relating to the financial risk controlling ,the improvement of the management plan, the mode of in-group results evaluation, and measures and suggestion on strengthening risk-controlling so as to perfect the financing management system of a enterprise group, to make it better for a parent company to manage a subsidiary company, to set up a sound inner financing management system, to establish in-group evaluating and rewarding system and to reinforce the management of group's financial risk.